Allied Capital: The Trend Continues Higher (ALD)
SmarTrend identified an Uptrend for Allied Capital (NYSE: ALD) on September 17, 2009 at $3.49. In approximately 6 months, Allied Capital has returned 31.2% as of today's recent price of $4.58.
Allied Capital is currently above its 50-day moving average of $4.06 and above its 200-day moving average of $3.49. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Allied Capital shares.
Write to Chip Brian at cbrian@tradethetrend.com
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